工作论文 PAPERS
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Imperial Threads: Colonial Market Access and the Direction of Innovation
Captive colonial markets shape innovation in ways that outlast the markets th...
Dario A. Romero
Working Paper | No. 20260905 |
Keywords: directed technical change, trade protection, captive markets, path dependence, colonial history
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Shipping to America
We study the macroeconomic and trade-policy implications of disruptions to U....
Xiwen Bai, Jesús Fernández-Villaverde, Yiliang Li, Ricardo Marto, Francesco Zanetti
Working Paper | No. 20260904 |
Keywords: AIS, shipping disruptions, shipping capacity, maritime transportation, general equilibrium, supply chains, trade policy
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Political Polarization and Inventor Productivity: Evidence from Local Televi...
Innovation depends on collaboration across people with different perspectives...
Po-Hsuan Hsu, Haaris Mateen, Dario A. Romero
Working Paper | No. 20260903 |
Keywords: Local media, Innovation, Ideological bias
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Deep Learning for Dynamic Programming with Recursive Utility
We propose the first deep learning algorithm, the Certainty Equivalent Learni...
Xianhua Peng, Wu Guo
Working Paper | No. 20260902 |
Keywords: recursive utility, deep learning, dynamic programming, neural network, dynamic models, portfolio choice, strategic asset allocation
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Deep Learning for Dynamic Programming with Recursive Utility Using First-ord...
This paper proposes the certainty-equivalent first-order learning (CEFOL) alg...
Xianhua Peng, Wu Guo, Songyan Wang, Jianfei Zhu
Working Paper | No. 20260901 |
Keywords: deep learning, dynamic models, dynamic programming, recursive utility, certainty equivalent, Euler equation, Bellman equation, first-order condition, neural network, value function
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Downwind of the Bus Lane: Transit Pollution and Academic Performance
We estimate the effect of air pollution from Bogot´a’s Bus Rapid Transit sys...
Diego A. Martin, Dario A. Romero*, Dario Salcedo
Working Paper | No. 20260503 |
Keywords: air pollution, bus rapid transit, academic performance, human capital
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The Spatial Effects of Labor Mobility Restrictions: Evidence from the Shenzhe...
This paper studies how within-city labor mobility restrictions shape the spat...
Yizhen Gu, Die Hu, Ming Li*
Working Paper | No. 20260502 |
Keywords: Labor mobility restrictions, place-based policies, spatial misallocation, firm location, agglomeration
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Do Corporate Bonds Hedge Geopolitical Risk?
We examine whether corporate bonds react to geopolitical risk by analyzing ho...
Prasad Hegde, Madhu Kalimipalli*, Shushu Liao
Working Paper | No. 20260501 |
Keywords: geopolitical risk, corporate bonds, risk premium, hedging, supply-chain risk, international exposure
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Spatial Misallocation in Education: The Left-Behind and Land Reforms in China
We study how land security shapes family migration and rural-origin children...
Kazushige Matsuda, Karol Mazur*, Chao Shen
Working Paper | No. 20260302 |
Keywords: migration, misallocation, human capital, agriculture, property rights
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Information Design for Social Learning with Patient Agents
Agents arriving sequentially may adopt a new technology. Early adoption revea...
Chen Lyu, Lu Liao
Working Paper | No. 20260301 |
Keywords: information design, Bayesian persuasion, collective experimentation, long-lived agent, bandit problem